Merced VA Loan Rates, Closing Costs & Stats

MERCED, CA

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Merced's 45 lenders originated 163 VA loans during 2024. The total origination value was $66,545,000, with an average VA loan value of $408,252.

    Merced VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Merced averaged 6.61% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Merced's average VA mortgage closing costs are $6,712.

    The average rate for the prior week (2025-05-16) was 6.8% and one month ago for the week of 2025-04-18, the average rate was 6.77%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.57%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Merced VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Merced level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 27 5.89% $7,894
    Mortgage Research Center, LLC 19 6.12% $7,145
    QUICKEN LOANS, LLC 10 5.83% $8,003
    LEADERONE FINANCIAL CORPORATION 10 6.26% $9,982
    FREEDOM MORTGAGE CORPORATION 9 6.06% $6,675
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.36% $10,545
    VILLAGE CAPITAL MORTGAGE 7 5.78% $5,951
    GUARANTEED RATE, INC. 5 5.95% $3,580
    GUILD MORTGAGE COMPANY 4 6.31% $13,110
    INSPIRE HOME LOANS INC. 4 5.44% $6,298
    NEW DAY FINANCIAL, LLC 4 7.55% $15,014
    PENNYMAC LOAN SERVICES, LLC 3 5.71% $9,551
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.17% $7,318
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.17% $5,658
    The Federal Savings Bank 3 6.21% $17,817
    LOANDEPOT.COM, LLC 3 5.88% $14,400
    DHI MORTGAGE COMPANY, LTD. 3 5.49% $7,783
    AMERICAN FINANCIAL NETWORK, INC. 2 6.44% $17,729
    Century Mortgage Company DBA Century Lending Company 2 6.25% $6,928
    CROSSCOUNTRY MORTGAGE, LLC 2 6.00% $3,141
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.50% $1,184
    MORTGAGEONE, INC. 2 6.69% $7,931
    LADERA LENDING, INC. 1 6.75% $11,332
    HomePromise Corporation 1 7.88% $900
    Magnolia Bank 1 6.25% $38,979
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $25,243
    CARDINAL FINANCIAL 1 6.25% $13,282
    GoPrime Mortgage, Inc. 1 6.00% $4,259
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $125
    MOVEMENT MORTGAGE, LLC 1 6.75% $3,970
    Mr. Cooper ( Nationstar Mortgage ) 1 6.00% $13,564
    Nations Lending Corporation 1 6.75% $12,647
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $15,451
    Golden Empire Mortgage, Inc. 1 6.63% $8,019
    NEWREZ LLC 1 5.38% $14,575
    Paramount Residential Mortgage Group, Inc. 1 5.75% $13,092
    GENEVA FINANCIAL, LLC 1 5.88% $12,871
    PHH Mortgage Corporation 1 5.25% $5,268
    PLANET HOME LENDING, LLC 1 4.99% $8,389
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.50% $9,203
    ENVOY MORTGAGE, LTD 1 6.38% $6,336
    Cornerstone First Mortgage, Inc 1 6.75% $6,668
    Umpqua Bank 1 6.50% $4,763
    CLEARPATH LENDING 1 5.88% $18,951
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $15,656

    The top Merced VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 27 VA loans originated. Their average total fees are $7,894, which is $749 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Merced VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,145), UNITED WHOLESALE MORTGAGE, LLC ($7,894), QUICKEN LOANS, LLC ($8,003), LEADERONE FINANCIAL CORPORATION ($9,982) and .

    The lowest rate Merced VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.83%), UNITED WHOLESALE MORTGAGE, LLC (5.89%), Mortgage Research Center, LLC (6.12%), LEADERONE FINANCIAL CORPORATION (6.26%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Merced (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $299,450 (7.0%) $350,837 (3.5%) 1.11 477
    2018-02-01 $298,733 (8.6%) $354,156 (-20.3%) 1.08 457
    2018-03-01 $296,170 (8.1%) $346,615 (2.7%) 1.04 460
    2018-04-01 $294,925 (5.7%) $339,152 (-0.5%) 1.00 475
    2018-05-01 $299,475 (6.0%) $358,718 (2.0%) 1.00 455
    2018-06-01 $298,840 (4.8%) $362,682 (0.7%) 1.00 455
    2018-07-01 $305,000 (5.2%) $367,378 (2.9%) 1.02 489
    2018-08-01 $310,065 (8.4%) $371,008 (7.6%) 1.04 534
    2018-09-01 $300,000 (3.6%) $358,518 (3.0%) 1.01 572
    2018-10-01 $305,915 (5.6%) $372,978 (7.9%) 1.04 634
    2018-11-01 $299,900 (0.5%) $353,881 (1.5%) 1.02 652
    2018-12-01 $299,900 (-1.7%) $354,790 (0.9%) 1.03 653
    2019-01-01 $299,475 (0.0%) $360,698 (2.8%) 1.03 619
    2019-02-01 $305,250 (2.2%) $358,154 (1.1%) 1.03 642
    2019-03-01 $311,714 (5.3%) $589,720 (70.1%) 1.02 628
    2019-04-01 $318,908 (8.1%) $749,855 (121.1%) 1.01 622
    2019-05-01 $325,250 (8.6%) $385,989 (7.6%) 1.02 640
    2019-06-01 $329,900 (10.4%) $393,216 (8.4%) 1.03 665
    2019-07-01 $333,700 (9.4%) $402,317 (9.5%) 1.04 653
    2019-08-01 $329,136 (6.2%) $396,528 (6.9%) 1.04 642
    2019-09-01 $324,841 (8.3%) $396,435 (10.6%) 1.04 620
    2019-10-01 $321,977 (5.3%) $396,373 (6.3%) 1.04 605
    2019-11-01 $320,000 (6.7%) $395,190 (11.7%) 1.05 546
    2019-12-01 $319,950 (6.7%) $400,226 (12.8%) 1.07 519
    2020-01-01 $316,969 (5.8%) $399,872 (10.9%) 1.06 489
    2020-02-01 $329,900 (8.1%) $406,221 (13.4%) 1.08 446
    2020-03-01 $337,500 (8.3%) $388,434 (-34.1%) 1.06 429
    2020-04-01 $344,500 (8.0%) $387,096 (-48.4%) 1.08 433
    2020-05-01 $349,900 (7.6%) $886,825 (129.8%) 1.06 442
    2020-06-01 $349,950 (6.1%) $393,833 (0.2%) 1.03 377
    2020-07-01 $349,225 (4.7%) $474,433 (17.9%) 1.01 295
    2020-08-01 $347,500 (5.6%) $495,306 (24.9%) 1.00 225
    2020-09-01 $333,185 (2.6%) $506,156 (27.7%) 0.95 216
    2020-10-01 $339,900 (5.6%) $512,485 (29.3%) 0.97 232
    2020-11-01 $345,000 (7.8%) $497,379 (25.9%) 1.01 287
    2020-12-01 $369,950 (15.6%) $533,576 (33.3%) 1.10 244
    2021-01-01 $379,000 (19.6%) $569,047 (42.3%) 1.13 198
    2021-02-01 $377,900 (14.6%) $605,898 (49.2%) 1.10 174
    2021-03-01 $379,675 (12.5%) $603,936 (55.5%) 1.08 173
    2021-04-01 $378,675 (9.9%) $604,881 (56.3%) 1.03 158
    2021-05-01 $385,000 (10.0%) $610,046 (-31.2%) 1.02 161
    2021-06-01 $390,450 (11.6%) $586,095 (48.8%) 1.03 191
    2021-07-01 $395,000 (13.1%) $585,220 (23.4%) 1.04 214
    2021-08-01 $400,703 (15.3%) $588,135 (18.7%) 1.07 232
    2021-09-01 $399,950 (20.0%) $579,196 (14.4%) 1.07 274
    2021-10-01 $412,500 (21.4%) $619,992 (21.0%) 1.10 260
    2021-11-01 $424,975 (23.2%) $721,416 (45.0%) 1.14 247
    2021-12-01 $429,500 (16.1%) $704,181 (32.0%) 1.16 231
    2022-01-01 $437,000 (15.3%) $740,690 (30.2%) 1.18 187
    2022-02-01 $449,500 (19.0%) $757,590 (25.0%) 1.17 195
    2022-03-01 $447,450 (17.9%) $725,781 (20.2%) 1.12 221
    2022-04-01 $450,000 (18.8%) $715,425 (18.3%) 1.07 258
    2022-05-01 $470,500 (22.2%) $719,866 (18.0%) 1.08 318
    2022-06-01 $469,745 (20.3%) $703,604 (20.1%) 1.05 390
    2022-07-01 $445,999 (12.9%) $614,826 (5.1%) 1.00 473
    2022-08-01 $433,375 (8.2%) $610,052 (3.7%) 1.00 462
    2022-09-01 $435,225 (8.8%) $611,810 (5.6%) 1.02 455
    2022-10-01 $428,000 (3.8%) $540,096 (-12.9%) 1.01 450
    2022-11-01 $420,000 (-1.2%) $533,140 (-26.1%) 1.01 438
    2022-12-01 $428,500 (-0.2%) $514,681 (-26.9%) 1.06 381
    2023-01-01 $422,245 (-3.4%) $509,052 (-31.3%) 1.05 332
    2023-02-01 $439,500 (-2.2%) $549,859 (-27.4%) 1.06 300
    2023-03-01 $437,000 (-2.3%) $543,071 (-25.2%) 1.03 284
    2023-04-01 $440,995 (-2.0%) $553,191 (-22.7%) 1.03 245
    2023-05-01 $449,985 (-4.4%) $562,926 (-21.8%) 1.02 242
    2023-06-01 $449,945 (-4.2%) $556,262 (-20.9%) 1.01 273
    2023-07-01 $449,000 (0.7%) $551,192 (-10.4%) 1.02 307
    2023-08-01 $458,220 (5.7%) $562,530 (-7.8%) 1.05 315
    2023-09-01 $442,439 (1.7%) $529,845 (-13.4%) 1.03 333
    2023-10-01 $434,500 (1.5%) $498,041 (-7.8%) 1.02 347
    2023-11-01 $434,488 (3.5%) $507,398 (-4.8%) 1.03 342
    2023-12-01 $439,975 (2.7%) $549,388 (6.7%) 1.07 312
    2024-01-01 $443,498 (5.0%) $554,264 (8.9%) 1.08 274
    2024-02-01 $452,495 (3.0%) $569,679 (3.6%) 1.09 254
    2024-03-01 $466,514 (6.8%) $585,844 (7.9%) 1.10 269
    2024-04-01 $467,498 (6.0%) $588,456 (6.4%) 1.09 296
    2024-05-01 $483,553 (7.5%) $625,240 (11.1%) 1.10 288
    2024-06-01 $471,465 (4.8%) $602,205 (8.3%) 1.07 298
    2024-07-01 $475,368 (5.9%) $593,006 (7.6%) 1.09 324
    2024-08-01 $469,999 (2.6%) $593,296 (5.5%) 1.09 335
    2024-09-01 $468,448 (5.9%) $576,119 (8.7%) 1.10 398
    2024-10-01 $468,995 (7.9%) $567,955 (14.0%) 1.10 405
    2024-11-01 $465,000 (7.0%) $580,854 (14.5%) 1.12 400
    2024-12-01 $467,450 (6.2%) $583,952 (6.3%) 1.16 353
    2025-01-01 $462,500 (4.3%) $581,678 (5.0%) 1.15 349
    2025-02-01 $462,508 (2.2%) $579,652 (1.8%) 1.12 365
    2025-03-01 $460,000 (-1.4%) $586,744 (0.2%) 1.08 373
    2025-04-01 $459,675 (-1.7%) $574,152 (-2.4%) 1.07 421
    Merced's median listing price for 2025-04-01 was $459,675, a difference of $-7,823 (-1.7%) versus the prior year and $-325 versus the prior month.

    Merced's median listing price comes in at 107% of the national average.

    Merced's average listing price for 2025-04-01 was $574,152, a difference of $-14,304 (-2.4%) versus the prior year and $-12,592 versus the prior month.

    For the 2025-04-01 period, Merced had 421 MLS listings, a difference of 48 listings (13%) versus the prior month and 125 listings (42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Merced (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 53 days 1,757 sqft
    2018-02-01 49 days 1,757 sqft
    2018-03-01 43 days 1,730 sqft
    2018-04-01 39 days 1,700 sqft
    2018-05-01 40 days 1,744 sqft
    2018-06-01 43 days 1,749 sqft
    2018-07-01 42 days 1,774 sqft
    2018-08-01 44 days 1,733 sqft
    2018-09-01 48 days 1,729 sqft
    2018-10-01 43 days 1,760 sqft
    2018-11-01 52 days 1,720 sqft
    2018-12-01 64 days 1,726 sqft
    2019-01-01 73 days 1,720 sqft
    2019-02-01 66 days 1,775 sqft
    2019-03-01 58 days 1,818 sqft
    2019-04-01 50 days 1,867 sqft
    2019-05-01 46 days 1,870 sqft
    2019-06-01 51 days 1,854 sqft
    2019-07-01 52 days 1,876 sqft
    2019-08-01 55 days 1,843 sqft
    2019-09-01 61 days 1,829 sqft
    2019-10-01 64 days 1,818 sqft
    2019-11-01 65 days 1,814 sqft
    2019-12-01 73 days 1,761 sqft
    2020-01-01 69 days 1,719 sqft
    2020-02-01 62 days 1,772 sqft
    2020-03-01 55 days 1,806 sqft
    2020-04-01 61 days 1,804 sqft
    2020-05-01 69 days 1,844 sqft
    2020-06-01 65 days 1,862 sqft
    2020-07-01 67 days 1,834 sqft
    2020-08-01 52 days 1,827 sqft
    2020-09-01 47 days 1,746 sqft
    2020-10-01 37 days 1,749 sqft
    2020-11-01 32 days 1,729 sqft
    2020-12-01 45 days 1,831 sqft
    2021-01-01 52 days 1,815 sqft
    2021-02-01 31 days 1,683 sqft
    2021-03-01 33 days 1,649 sqft
    2021-04-01 41 days 1,700 sqft
    2021-05-01 40 days 1,700 sqft
    2021-06-01 27 days 1,692 sqft
    2021-07-01 31 days 1,713 sqft
    2021-08-01 34 days 1,739 sqft
    2021-09-01 35 days 1,724 sqft
    2021-10-01 39 days 1,703 sqft
    2021-11-01 43 days 1,593 sqft
    2021-12-01 50 days 1,619 sqft
    2022-01-01 58 days 1,564 sqft
    2022-02-01 36 days 1,568 sqft
    2022-03-01 29 days 1,656 sqft
    2022-04-01 33 days 1,690 sqft
    2022-05-01 35 days 1,774 sqft
    2022-06-01 37 days 1,780 sqft
    2022-07-01 37 days 1,720 sqft
    2022-08-01 49 days 1,702 sqft
    2022-09-01 56 days 1,713 sqft
    2022-10-01 52 days 1,727 sqft
    2022-11-01 59 days 1,731 sqft
    2022-12-01 71 days 1,744 sqft
    2023-01-01 77 days 1,717 sqft
    2023-02-01 79 days 1,790 sqft
    2023-03-01 55 days 1,709 sqft
    2023-04-01 48 days 1,711 sqft
    2023-05-01 43 days 1,738 sqft
    2023-06-01 37 days 1,743 sqft
    2023-07-01 40 days 1,725 sqft
    2023-08-01 44 days 1,719 sqft
    2023-09-01 46 days 1,677 sqft
    2023-10-01 45 days 1,667 sqft
    2023-11-01 50 days 1,694 sqft
    2023-12-01 64 days 1,671 sqft
    2024-01-01 67 days 1,705 sqft
    2024-02-01 44 days 1,722 sqft
    2024-03-01 38 days 1,763 sqft
    2024-04-01 37 days 1,727 sqft
    2024-05-01 36 days 1,764 sqft
    2024-06-01 43 days 1,745 sqft
    2024-07-01 42 days 1,763 sqft
    2024-08-01 46 days 1,744 sqft
    2024-09-01 45 days 1,655 sqft
    2024-10-01 48 days 1,735 sqft
    2024-11-01 59 days 1,720 sqft
    2024-12-01 69 days 1,693 sqft
    2025-01-01 73 days 1,661 sqft
    2025-02-01 59 days 1,651 sqft
    2025-03-01 51 days 1,719 sqft
    2025-04-01 48 days 1,754 sqft
    Merced's median listing age (time on market) for 2025-04-01 was 48 days. This is 30% longer than the same period one year ago.

    Merced's median square footage for active listings during the 2025-04-01 period was 1,754 sqft. One year prior, the average listing was 1,727 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.